Utility maximising

["Mason A. Clark" <masonc@xxxxxxxxxxxxx>]

  A HA !

  Bruce offered a target:

  "The people who will accept the first half (Per doesn't need to
  justify using utility maximising theory, because it's the most common
  theory within economics)..."

  Always on the lookout for the basics of economics, I'll put this on
  my trophy shelf next to the Law of Comparative Advantage.  (But
  first I'll fix the spelling to suit my province.)

  "Utility Maximizing" -- consumers will so act.  Guided by Joe Camel
  and O.J. running through the airline terminal. Who defines "utility"?
  And what is "maximized" when tons of weight-loss drugs and addictive
  nicotine products are consumed -- profits or utility? If in fact, utility
and
  the maximizing thereof are socially destructive, what does this say
  about the validity of an economic theory based on such a "most common
  theory"  wherein the growth of such destruction is made the criterion of
  economic success.

            Mason  (incorrigible heal-nipper)
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  Mason A. Clark     masonc@xxxxxxxxxxxxx
    http://www.netcom.com/~masonc
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  Political Economics; Comets, Weather, Time
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